Welcome to Siberian Alpha — Let’s Decode Russian Markets Together
I’m Alexey Kharchenko, and I’d like to officially welcome you to Siberian Alpha.
If you’ve ever tried to find high-quality, unbiased analysis of Russian equities in English, you already know how frustrating it can be. What’s out there is often superficial, outdated, or completely misses the local context. I created Siberian Alpha to fix that.
A little about me
I’ve been investing since 2007, starting — like many in Russia — with mutual funds. By 2015 I had moved entirely into direct equity investing, spending years navigating Russian corporate disclosures, local broker reports, and the unwritten rules that drive this market. I’ve also spent years trading U.S. equities, so I understand what a global investor expects in terms of rigor and clarity.
Why Siberian Alpha?
The Russian stock market is one of the world’s most undervalued — and most misunderstood. When I saw that serious, English-language coverage had all but disappeared, I knew I could bridge the gap. Siberian Alpha brings together my insider knowledge and the structured, no-hype approach that international investors deserve.
What you can expect from this newsletter
My goal is simple: give you a real edge.
Every issue will aim to provide:
Actionable analysis of Russian equities, from blue chips to overlooked small caps.
Lost in Translation breakdowns — decoding important Russian-language news, insider chatter, and corporate signals.
Practical guides on navigating the market as a non-resident.
Occasional deep dives with valuation models for paid subscribers in the future.
No hype, no speculation, just clear, useful insights delivered to your inbox.
How often will you hear from me?
At least once a week to start, with additional notes when the market calls for it. As a subscriber, you’ll get my best thinking — always independent and always honest.
Let’s get started
If this sounds useful, hit the Subscribe button and join me on this journey. And if you know someone who might benefit from a real, on-the-ground perspective on Russian equities, please share this post with them.
Thank you for being here. It means more than you know.
— Alexey Kharchenko
Founder, Siberian Alpha